3.17 Chart Patterns Quick Reference Guide

 
Information overload! Are you tearing you hair in frustration with all the chart patterns and mixing one with the other?
 
Chill! Just take the help of this quick reference guide.
 
 

 

Pattern

 

 

Current Trend

 

Kind of signal

 

 

Likely move, post-pattern

 

Double Tops

 

 

Up

 

Bearish Reversal

 

Down

 

Double Bottom

 

 

Down

 

Bullish Reversal

 

Up

 

Head and Shoulder

 

 

Up

 

Bearish Reversal

 

Down

 

Inverted Head & Shoulder

 

 

Down

 

 

Bullish Reversal

 

Up

 

Rising Wedge

 

 

Down

 

Bearish Continuation

 

Down

 

Rising Wedge

 

 

Up

 

Bearish Reversal

 

Down

 

Falling Wedge

 

 

Up

 

Bullish Continuation

 

Up

 

Falling Wedge

 

 

Down

 

Bullish Reversal

 

Up

 

Rectangle

 

 

Down

 

Bearish Continuation

 

Down

 

Rectangle

 

 

Up

 

Bullish Continuation

 

Up

 

Pennant

 

 

Down

 

Bearish Continuation

 

Down

 

Pennant

 

 

Up

 

Bullish Continuation

 

Up

On triangles anything is possible; hence they’re not included above.

 

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  • Recap and a Quick Reference to Chart Patterns
  

     

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